Even more so if it's an old house. We paid 280k for a house in town, on town water/sewer but the house is 200 years old with 200 year old problems. The list of possible repairs is endless and the amount of money it would take is daunting.

For reference, we bought at 2.9% interest and we make about 120k between us. We live in eastern Vermont along the Connecticut river in the upper valley.